BV Financial, Inc.: BV Financial,Inc. Announces Financial Results
EDGEMERE, MD / ACCESSWIRE / April 22, 2021 / BV Financial, Inc. (OTC PINK:BVFL), the holding company for BayVanguard Bank, today reported net income of $2.7 million, or $0.37 per diluted share, for the three months ended March 31,2021 compared to net income of $671,000, or $0.09 per diluted share, for the three months ended March 31, 2020. The results in the current quarter reflect the first full quarter after the acquisition of Delmarva Bancshares, Inc., on October 31, 2020. The March 2020 results included one month of combined operations with MB Bancorp, Inc., that was purchased on February 29, 2020.
The increase in net income for the three months ended March 31, 2021 was largely attributable to a $3.5 million or 120.3% increase in net interest income before the provision for loan losses, a $0.6 million or 310.3% increase in non-interest income, somewhat offset by a $1.2 million, or 56.6% increase in non-interest e
Sitting beside her two grandchildren, Kimberly White Smalls recounted what it was like to flee from her family home as Hurricane Sandy hit the edge of New York City.
“It was a complete disaster,” said Smalls, who lives on the Rockaway peninsula in Queens. “When we came back the next day, I [had] lost three cars, a scooter, and the house was destroyed.”
Smalls was born and grew up in Edgemere, a majority Black coastal community in Far Rockaway, and never dreamt of leaving. She and her husband, Don, had raised their family there. Grateful to still be alive, Smalls hoped to rebuild their home with her husband, two children, and infant grandchild on Beach 43rd Street. She had hoped that the city and Fema would help rebuild and even elevate her home, so that it would be safe from flooding the next time a natural disaster strikes.
S. Carolina governor wants McCoy to run Santee Cooper board
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JEFFREY COLLINS, Associated Press
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1of5Peter McCoy speaks at a news conference after South Carolina Gov. Henry McMaster, rear right, announced he wants to appoint him chairman of state-owned utility Santee Cooper, Wednesday, April 21, 2021, in Columbia, S.C. McCoy is a former South Carolina House member and U.S. Attorney in the state.Jeffrey Collins/APShow MoreShow Less
2of5South Carolina Sen. Luke Rankin, R-Myrtle Beach, explains the Senate Judiciary Committee s ideas to overhaul state-owned utility Santee Cooper on Tuesday, April 20, 2021, in Columbia, South Carolina. Senators opened the long-awaited debate about the future of the state-owned utility.Jeffrey Collins/APShow MoreShow Less
S Carolina governor wants McCoy to run Santee Cooper board sfgate.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sfgate.com Daily Mail and Mail on Sunday newspapers.
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